As one of the youngest members of the baby boom generation and a longtime editor and publisher, I understand well how attractive the Inland Northwest is to seniors. Its hometown feel and robust parks, shopping, and entertainment fit nicely with the largest and best health care system between Minneapolis and Seattle.
I also understand that today's seniors grew up with newspapers in their hands and still crave the calmness of ink on paper rather than dancing pixels blasted through social media on smart phones. That's partly why we decided to launch Inland Northwest Senior, a monthly newspaper created specifically with you in mind.
I desperately wanted to use my favorite economic phrase this year for this space, which is "cautiously optimistic." But the majority of the economists I asked to contribute to this supplement have convinced me of my potential naiveté.
Uncertainty certainly has been the watchword this year, as shock-and-awe style actions at the federal level, coupled with stubborn inflation and interest-rate levels and continued unrest elsewhere in the world, left businesses here only guessing about what is next. As a result, it has felt a bit like we are all on hold.
In case you haven't noticed, even with a somewhat slower economy and some noteworthy layoffs by big technology companies, the labor market continues to be tight.
Some say that's not likely to change in the near term, due to demographic and
When Journal editor Linn Parish asked me to contribute to our Visions special edition, the first thing to come to mind for me was an old quote from columnist George Will. He said, 'The future has a way of arriving unannounced.â€
It's becoming clear that the tightening labor market we all have been feeling may well be here to stay, and perhaps even worsen, as fundamental demographic shifts manifest themselves and labor participation rates continue to be disturbingly low.
So here we are, more than a year into the pandemic and still seeing unemployment rates higher than those reported before the coronavirus began raising havoc in our lives and livelihoods. Yet even today, the tales of job openings being hard to fill are
When our editor, Linn Parish, and I first talked about taking a moment to celebrate 35 years of publishing for the Journal of Business, we mostly wanted to ensure that whatever we did wouldn't focus on us.
Clearly, this pandemic has forced our attention to the near-term reality of high unemployment and need to survive a historic economic and societal challenge. Sixty days ago, we were talking about how tight labor markets were making it critical